Costco-style membership for hay aims to modernize handshake deals

Cindy Wilinski says 100 years ago if you needed to buy hay for your livestock you tracked down a local farmer, by phone or in person, made a deal and hoped the product was as good as advertised. She said nothing much has changed today, except now it might be purchased via an email or over text […]

Forecasters expect energy market volatility to continue in 2019

Some energy experts are predicting even more volatility in 2019 with respect to the financial markets. More than 1,000 people gathered at the 42nd annual Forecaster Dinner at the Telus Convention Centre in Calgary on Thursday, “I’m not going to sugar coat it — we are going to have less investment in Western Canada than we’ve […]

Cyber thieves make off with hundreds of thousands of dollars in attack targeting Coast Capital Savings

Coast Capital Savings says 140 members had money stolen from their accounts during a targeted cyber fraud attack in November and December of last year.   The credit union doesn’t know exactly how much is missing but said the loss to each victim was “typically in the magnitude of between $3,000 and $6,000,” meaning thieves got away with many hundreds of thousands of […]

Canada, U.K. in ‘informal talks’ on trade ahead of key Brexit vote

The United Kingdom’s high commissioner to Canada says informal talks that could lead to a U.K.-Canada free trade deal in as little as a year are underway — which could ease the economic uncertainty surrounding her country’s fraught debate over when and how it will exit the European Union. A key vote on Brexit will be held in […]

OPEC looks to cut oil production to bolster falling price

OPEC countries were gathered Thursday to find a way to stop the fall in the price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production by at least 1 million barrels per day. Crude prices have been falling since October because major producers — including the U.S. — are […]

Alberta crude production cuts expected to create winners and losers: analysts

Oil production cuts announced by the Alberta government will have the desired outcome of reducing steep discounts on its oil, but it will also create winners and losers, financial analysts say. Shares in the companies most likely to benefit from the move to curtail crude production from larger producers starting Jan. 1 soared Monday as […]

Notley says Alberta will buy rail cars to move oil, wants Ottawa to chip in

Alberta Premier Rachel Notley said today her government is only weeks away from finalizing a purchase of rail cars to move oil and help close massive price gaps that have short-changed government coffers and Canadian oil producers. She also said she wants the federal Liberal government to contribute financially to the plan. “We’re not wasting any […]

Liberals cut taxes, mend fences with Canadian businesses

It probably shouldn’t come as a huge surprise that Canadian businesses are happy with the federal government’s fall economic update. Relations between Ottawa and the business community had been downright frosty. But billions in tax breaks should go a long way to warming things up a bit. Businesses and the government initially found themselves at […]

Stock markets fall after APEC summit highlights China-U.S. trade tension

New York stocks slid on Monday with technology stocks leading the way after an Asia Pacific Economic Co-operation meeting this weekend highlighted the trade tensions between the U.S. and China. The Dow was down 1.6 per cent at 24,996 and the Nasdaq fell 2.7 per cent to 7,241 by mid-afternoon. In Toronto, concern over energy […]

Farmers ready to get political in 2019

After another tough fall harvest, this time the result of early snowfall blanketing crops, many farmers across the prairies are now enjoying a bit of break. While some catch their breath from a busy autumn, others are gearing up for a much different challenge — politics. With a federal election in the fall of next […]